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Madras HC quashes Income Tax proceedings against Karti Chidambaram and his wife

PTI
Updated: December 12th, 2020, 14:57 IST
in National
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Chennai: The Madras High Court has quashed the Income Tax proceedings initiated against Karti Chidambaram, son of former Union Finance Minister P Chidambaram, and his wife over alleged non-disclosure of cash transactions of about Rs seven crore following sale of a property near here.

The Court, while ruling that the action is “not maintainable and premature”, clarified that proceedings may be initiated again if the authority concerned deemed the same is required after proper assessment.

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The prosecution case was that Karti, the Congress Member of Parliament, representing Sivaganga, and his wife Srinidhi received Rs 6.38 crore and Rs 1.35 crore in cash respectively, through sale of a land owned by them near Muttukadu.

However, they had neither disclosed the same in their assessment nor paid taxes for the income.

Hence, the I-T department initiated criminal prosecution for alleged non-disclosure of income by them to the tune of Rs 7.73 crore for 2015-16 fiscal.

Challenging the same, the duo contended that the prosecution is liable to be quashed for procedural lapse.

They argued that the prosecution has been initiated for filing of false return, which amounts to offence of giving false evidence before a court under the Indian Penal Code.

As per the Income Tax Act, the proceedings of the assessing officer are deemed to be that of a proceeding of a civil court and therefore, only the assessing officer should have initiated the prosecution.

But in this case, a deputy director of investigation of the department has initiated the prosecution, they claimed.

Granting liberty to the department to initiate penal action as per law, if it chooses to, Justice N Sathish Kumar said, the prosecution launched by the Deputy Director is not maintainable.

The present complaint lodged by the prosecution is a premature one.

If the assessing officer comes to the conclusion in proceedings under Section 153 of the Income Tax Act, it is open to the Department to initiate penal action as per law.

Justice Sathish Kumar, who pronounced the order on Friday, observed that unless a finding is recorded by the assessing officer as to a wilful attempt to evade tax or filing false verification, the complaint filed by the Deputy Director is not maintainable.

PTI

Tags: Income TaxKarti ChidambaramMadras HCP Chidambaram
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